Please help need advice - rejected for loan!!

S3quence

albertross wrote: »

select * from confused.com where quote < 1500 and bhp=240

:rotfl:
HAHAHAHAHAHA genius. That made me LOL. I already have!!

I've called my current insurer and they quoted me £989 (£715 i have already paid a couple of months ago for this years insurance)
(i have 1 yrs no claims and 3pts (non speeding - police office got out wrong side of bed)!) I was surprised as my first year on the fabia @21 was £1100 and that is 8 insurance group lower!

Still alot but not hit the 25 age barrier yet

S3quence

albertross wrote: »

select * from confused.com where quote < 1500 and bhp=240

Thanks now my girlfriend asked what I was laughing at and I have spend the last 15mins trying to explain what you meant. She doesnt understand has gone to bed and left me watching later night poker.

Poker and desire to buy car, this is not a good combination !! All in ! :eek:

margaretclare

In response to the argument 'everything depreciates in value and therefore has to be replaced' - yes, true. That wasn't what I was saying. The argument is about why you should be paying interest while the object is depreciating!

You're right about my computer. However, my DH has just bought himself a new computer - it's the first one he's ever had from new, his very first was built for him by his son from second-hand parts about 15 years ago now, and he has upgraded it periodically. His choice was between a new camera and a new computer, and he uses both. However, as we're not going to be able to go to Niagara as planned in late July (I have a fractured pelvis) he decided on the computer instead. The whole point of this preamble, though, is to point out that he hasn't paid a penny-piece in interest for the new computer - he saved £400 in the last few weeks and, although a retired wrinkly (which we both are) he's incredibly credit-worthy.

It has been said that the banks (and other lenders) are people who'll lend you an umbrella when it's bright and sunny, then ask for it back when it comes on to rain!

Margaret

Hermione54

The Cupra is a great car, though.:drool: My cousin had one up until he reached 9 speeding points on his licence.

S3quence

harleyloans wrote: »

I am Mr Harley The Managing Director of Harley Loans Investment company i am a certified and a resgistered loan lender i offer loan to interested people who are in need of financial asistance also i offer all kinds of loan like student loan, company loan, personal loan, home loan etc. if there is any interested person out there do contact us on [EMAIL="harleyloansinvestment&#64;yahoo.com"]harleyloansinvestment@yahoo.com[/EMAIL] along with the amount needed as loan, country, duration and your monthly income.

Best Regards,
Mr Harley

Does anyone know how to delete messages from these spammers?

ravo_80

S3quence,

Can't help but feel that you are being a bit naive with your finances. Firstly you have included overtime in your monthly income, don't rely on what can be taken away! Then you list only a few items on your expenditure list that leaves you with about 1100 expendible income.
If you really looked at your finances I'm sure that you would see that you are really cheating yourself. Petrol, Holidays, Clothes, Nights out, Toys, Birthdays....etc will all have to be taken into account and you will soon see that the money that you do have left does not go as far as you think it will.
Try taking the overtime away and look at your spending habits over the last couple of months and then see if you can really afford it.
Also, it seems that you are just starting in life and whilest your 32500 and you girlfriends money together is a good amount, what will happen when/if a child comes along and you lose your girlfriends wage or have to pay for nursery fees.......
It's easy to think you've made it when you're young and on a high income, especially when you work with older guys who have all the flash cars and fancy houses. But what you don't see is that they have had years and years of saving to enable them to purchase these luxuries!
Take some advice from everyone you have asked to give it to you, and the bank who has refused you the money. Keep the car you've already got and start saving your extra cash so it starts working for you. Don't get caught in the desire to have it all now and pay for it later (and later and later!!!). Instead look at saving and investing to make the money to buy the car, you'll probably have more fun and feeling of satisfaction doing that than the car would bring you. It doesn't look all that nice anyway!
If you are still having doubts, ask your mum or dad (or guardian) what they think of the loan!
And to be even more boring, what is your retirement plan?

Mark7799

There are two other factors that don't seem to have been picked up on yet. As an earlier poster commented on, banks are getting a bit more nervous about consumer lending and from your comments, I am wondering about these:-

1. You appear to be asking for 100% finance - i.e. are you putting anything towards the car yourself?
2. Although you say you have £x available to meet loan repayments, according to other comments, you are using the overdraft on your account each month. This may well be frippered money (if that is a word:o ) but all the Bank sees is an account using an overdraft and will wonder where the extra money for the larger loan will come from (hence possibly why they appear to have refused ANY loan amount)

Just MHO but I think if you clear the o/d and can demonstrate to the Bank that you can save a similar amount to the loan repayment each month e.g. in a Barclays savings account (so they can see the money has stayed there) this may have an effect on theor decision.